Retail sales in the UK unexpectedly declined in June

The volume of retail sales in the UK declined in June by 0.5% compared to May, when there was an increase of 1.4%, according to the Office for National Statistics. Analysts had predicted an increase of 0.2%. At the same time, the second quarter saw the largest increase in retail sales in the country since the first quarter of 2004. The quarterly indicator this year grew by 2.1%. Sales in annual terms in June increased by 2.9%, not justifying the forecasts of analysts who had expected growth of 3.5%. In grocery stores, sales increased in June compared with May by 0.1%. At the same time, following the results of the second quarter, the most significant demand for food and beverages since 2011 was noted. Sales in online stores in June rose in annual terms by 14.3%.

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